Daily Management Review
World & Politics

Pantheon Macroeconomics forecasts 20% decline in U.S. home prices

Rising mortgage costs and higher Fed interest rates are lowering U.S. house demand, which might cause prices to drop 20% next year, according to Ian Shepherdson, the head economist at the research firm Pantheon Macroeconomics, as quoted by CBS Television. "Up until the beginning of next year, we...

UN GA adopts resolution not recognizing newly held referendums in Russia

A resolution passed by the UN General Assembly denies legitimacy to referendums held in Russia's new regions. European countries and the US had previously produced a resolution that asks for all nations, international organizations, and specialized UN agencies not to accept results of referendums...

IMF allocates $1.3 billion in financial support to Ukraine

The International Monetary Fund (IMF) Executive Board has given its approval for Ukraine to receive $1.3 billion as part of a fast-track funding instrument. The funds will be utilized to finance necessities related to the balance of payments, including food. The IMF states that the conflict in...

U.S. authorities will consider selling birth control pills without prescription

The American Food and Drug Administration is debating adding birth control pills to the list of over-the-counter medications. According to The Financial Times, the regulatory body will evaluate a related application from Perrigo's HRA Pharma division in November and is currently in talks with...

Danish Energy Agency: Gas leak at Nord Stream is over

The "Nord Stream - 1" pipeline's gas leak has been stopped, and the pressure has stabilized, according to the Danish Energy Agency. The two Nord Stream 1 pipelines' pressure has now stabilized, according to information provided by Nord Stream AG to the Danish Energy Agency. This indicates that...

Head of TotalEnergies: Energy transition will eliminate oil and gas dependence, but will increase consumption of other resources

According to Patrick Pouyanné, CEO of the French oil and gas business TotalEnergies, using decarbonized energy sources will enable a shift away from dependency on oil and gas toward dependence on rare-earth and other metals. Mr. Pouyanné emphasized the possibility of a resource crisis for humanity...

EC to propose €565B plan for digitalization of EU energy system

According to the agency, the European Commission's "Digitalization of the Energy System" action plan will require €565B in infrastructure investments by the end of the decade to carry out environmental policies and cease reliance on Russian fossil fuels. The proposal states that the EU intends to...

European Commission approves hydrogen fuel project

According to a press release from the European Commission (EC), a project to create hydrogen fuel infrastructure involving 13 countries in the European Union has received approval from the EC. This initiative will receive up to €5.2 billion in public funding. The second "Important Project of Common...

UK Prime Minister to allocate $2.6B in military aid to Ukraine

In her first address to the UN General Assembly, British Prime Minister Liz Truss will commit $2.64 billion in military assistance to Ukraine in 2023 and urged all Western nations to increase similar assistance, according to the Financial Times. The General Assembly will hear the British Prime...

UK and the EU may agree on the Northern Ireland Protocol

According to the Irish station RTE, UK Prime Minister Liz Truss and her Irish counterpart Micheál Martin are optimistic that the EU and Britain can reach a consensus on the Northern Ireland Protocol. The British and Irish prime ministers met on Sunday in Downing Street. The "importance and depth"...
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